Calling All RAVE Shareholders
As many of you are likely aware, the author of our Rave Restaurant Group research as well as several other investors who hold significant positions in RAVE stock have made efforts over the last two months to begin a dialogue with management and key members of the board about opportunities to enhance shareholder value. During this time many of us have also been adding to our positions in RAVE stock with the author now controlling just under 5% of the float and several other participants in this community who now own stakes between 1-3% of RAVE’s public float. If you own RAVE shares, could you drop me a quick line at email@example.com to let me know how many shares you own and also if you would like to participate in a private message forum we are creating specifically for the RAVE situation.
We are going to set up a forum specifically for RAVE investors where all who wish to participate can share real time information with the group. For instance, we have participants who have been visiting Pie Five and competitor (Blaze, MOD, Uncle Maddios and Pieology) locations in multiple markets around the country over the last few weeks in addition to speaking with franchisees. Suffice it to say that there are many very positive things that are happening with Pie Five (and some with Pizza Inn too) that are not part of the current investor conversation, possibly due in part to the leadership transition underway at RAVE. Regardless of the reasons, it is time for RAVE investors to use all the tools at our disposal to communicate about the next chapter for Rave Restaurant Group.